2021-03-31-accounts - Pakistan Association Liverpool

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PAKISTAN ASSOCIATION - LIVERPOOL

FINANCIAL STATEMENTS

31 March 2021

CHARITY NUMBER 1092489

PAKISTAN ASSOCIATION - LIVERPOOL

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

CONTENTS	PAGE
Trustees Annual Report	1
Independent examiner's report to the trustees	4
Statement of financial activities	5
Income and expenditure account	6
Balance sheet	7
Notes to the financial statements	8

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2021

The trustees have pleasures in presenting their report and the unaudited financial statements of the charity for the year ended 31 March 2021

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name

Pakistan Association - Liverpool

Charity registration number

Principal office

68A, Mulgrave Street Liverpool Merseyside L8 2TF

THE TRUSTEES

The trustees who served the company during the period were as follows:

Mr Sarfraz Ali Mr Mohammed Anwar Mr Mohammed Yusaf Chaudhry Mr Abdul Ghafoor Chaudhry

Mr Ahmed Munir Mr Alam Nawaz Mr Tahir Saeed Mrs Shaheen Qureshy

PAKISTAN ASSOCIATION - LIVERPOOL

TRUSTEES ANNUAL REPORT (Continued)

YEAR ENDED 31 MARCH 2021

The trustee's present their report, along with financial statements of the charity for the year ended 31st march 2021. The association is set up to promote the benefit of the inhabitants in and around Merseyside and in particular of the Pakistani community to advance education, advance religion, to preserve good health and to provide facilities in the interests of social welfare for reception and their leisure time occupation with the object of improving the conditions of life for the said inhabitants.

During the year various functions and seminars were held at the charity’s hall, situated at Mulgrave Street, Toxteth, Liverpool, to fulfil the aims and objective of the charity. The charity was grant aided by Liverpool City Council and other organisations as shown in the financial statements for the year under review. The trustees indeed thankful to the various organisations mentioned above who contributed towards the running expenses of the charity. The grants received during the year are shown as restricted funds these accounts

The trustees are grateful for the volunteers who helped throughout the year to arrange the various activities held in the hall and outside.

We have referred to the guidance contained in the charity commissioner’s general guidance on public benefit when receiving our aims and objectives and planning our future activities as attached.

…………………………………………..

Mr Sarfaraz Ali (President)

…………………………………………….

Mr Ahmed Munir (Treasurer)

13 August 2021

PAKISTAN ASSOCIATION - LIVERPOOL

TRUSTEES ANNUAL REPORT (Continued)

YEAR ENDED 31 MARCH 2021

RESPONSIBILITIES OF THE TRUSTIES

The charity’s trustees are responsible for preparing the trustees annual report and the financial statement in accordance with applicable law and United Kingdom Accounting standard (United Kingdom Generally Accepted Accounting practice).

The law applicable to charities in England and wales requires the trustees to prepare financial statements for each financial year which gives true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

Select suitable accounting policies and ten apply them consistently,
Observe the methods and principles in the Charities SORP,
Make judgement and estimates that are the reasonable and prudent,
State whether applicable accounting policies standards have been followed, subject to any material departures disclosed and explained in the financial statements,
Prepare the financial statements on the going concern basis unless it is inappropriate to presume
- that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993 and Charity (Accounts and Reports) Regulations 2008. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Reserve policy

A formal policy on reserve was agreed at the monthly meeting of the executive committee on the 9[th] September 2012.

The trustees have set a reserve policy which requires to be maintained which ensures that the Pakistan Association Liverpool core activities could continue during a period of unforeseen difficulty for at least three months. A proportion of reserves are maintained in a readily reliable form.

The calculation of the required level of reserve is an integral part of the Pakistan Association’s Liverpool planning, budget and financial cycle.

……………………………………………… Mr Sarfarz Ali President 13 August 2021

PAKISTAN ASSOCIATION - LIVERPOOL

INDEPENDEDNT EXAMINER’S REPORT TO THE TRUSTEES OF PAKISTAN ASSOCIATION- LIVERPOOL

YEAR ENDED 31 MARCH 2021

I report on the accounts of the charity for the year ended 31 March 2021 set out on page 6 to 11.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDEDNT EXAMINER

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under section 43(2) of the Charity Act 1993 (The 1993 Act), as amended by section 28 of the Charities Act 2006) and that an independent examination is needed.

It is my responsibility to :

Examine the accounts ( under section 43(3)(a) of the 1993 Act, as amended),

To follow the procedures laid down in the General Directions given by the Charity - Commission ( under section 43(7)(b) of the 1993 Act, as amended), and

To state whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER’S STATEMENT

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with that records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on whether the accounts present a “true and fair view”.

INSDEPENDENT EXMINER’S REPORT

In connection with any examination, no matter has come to my attention:

1) Which gives reasonable cause to believe that in any material respect trustees have not met the requirements to ensure that:

proper accounting records are kept(in according with section 41 of the Act), and Accounts are prepared which agree with the accounting records and comply with the - accounting requirement of the ACT, or

2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Mr I ullah Khan accountants Liverpool 76/78, smithdown road Liverpool L7 4JQ Independent examiner 13 August 2021

PAKISTAN ASSOCIATION - LIVERPOOL

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2021

Note INCOMING RESOURCES 2 TOTAL INCOMING RESOURCES RESOURCES EXPENSES Cost of Furtherance of Charity Objectives & management of Charity 3 Depreciation 4 TOTAL RESOURCES EXPENSED MOVEMENTS TOTAL FUNDS B/FORWARD TOTAL FUNDS C/FORWARD	Unrestricted Funds 66,213 66,213 29,232 - 29,232 36,981 20,531 57,512	Restricted Total Fund Funds 2021 - 66,213 - 66,213 10,000 39,232 - 10,000 39,232 (10,000) 26,981 29,186 49,717 19,186 76,698	Total Fund 2020 30,619 30,619 37,857 37,857 (7,238) 56,955 49,717

Statement of financial activities includes all gains and losses in the year and therefore statement of total recognised gains and losses has not been prepared.

All of the above amounts relates to continuing activates

PAKISTAN ASSOCIATION - LIVERPOOL

INCOME AND EXPENDITURE ACCOUNT

YEAR ENDED 31 MARCH 2021

Note INCOME 2 TOTAL EXPENDITURE 3-6 OPERATING (DEFICIT) /SURPLUS (DEFICIT)/ SURPLUS FOR THE YEAR		2021 £ 66,213 39,232 26,981 26,981		2020 £ 30,619 41,032 (10,413) (10,413)

The "INCOME AND EXPENDITURE ACCOUNT" includes all gains and losses in the year and therefore statement of total recognised gains and losses has not been prepared.

All of the above amounts relates to continuing activates

PAKISTAN ASSOCIATION - LIVERPOOL

BALANCE SHEET

YEAR ENDED 31 MARCH 2021

Notes Fixed assets Tangible assets 6 Current assets Prepayments Wages control Cash at bank & in hand Creditors: amounts falling due within one year 7 Net current assets Total Net assets Funds Funds B/Forward Operating (Deficit)/Surplus		2021 £ 26,173 41,525 41,525 10,184 31,341 57,514 30,533 26,981 57,514		2020 £ 29,018 2,451 2,451 936 1,515 30,533 40,946 (10,413) 30,533

…………………………………………………. Mr Sarfaraz Ali ( President)

Approved by the board on 13/08/2021

PAKISTAN ASSOCIATION - LIVERPOOL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

1 ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2005), applicable accounting standards and the Companies Act 2006.

Tangible Fixed Assets

All fixed assets are initially recorded at cost Depreciation on reducing balance

Incoming Resources

Donations and Grants

Income from donation and grants, including capital grants, is included in incoming resources when these are receivable.

When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in incoming resources until the pre-conditions for use have been met.

Resources Expended

Resources expended are included in the Statement of Financial Activities on an accrual basis, inclusive of VAT which cannot be recovered.

Certain expenditure is directly attributable to specific activities and has been included

in those cost categories on the basis of an estimate of the proportion of the time spent on those activities.

Taxation

No liablility to UK corporation tax arise on ordinary activities for the year Ending 31 march 2021

2 VOLUNTART INCOME Unrestricted Funds Grants Receivable Liverpool City council - NHS Liverpool CGS - Rathbone investment managemen - John Moores Founda�on - Other Grants/Covid-19 - Human Relief Fund - LMS Mosque - Hall Hire - Other Income -	Restricted Funds - - - - - - - - -	Total Fund 2021 38,596 - - - 10,000 - - 6,157 11,460 66,213	Total Fund 2020 495 - - - - - - 30,124 30,619

PAKISTAN ASSOCIATION - LIVERPOOL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

3 Cost of Furtherance of Charity Objectives & management

Staff Wages & Teachers salaries Functions Coach trips Ground Rent Rates & water Insuarnce Heat & Light Repairs & maintenance Telephone TV licence Refreshments Legal and professional fees Accountancy Cleaning and laundry Travelling expenses General Expenses Depreciation XBM Ltd BG Buisness Other Expenses	Unrestricted Funds £ 3,531 3,000 100 1,736 1,098 3,608 560 558 304 2,000 979 500 220 - 5,888 2,845 760 1,545 29,232	Restricted Funds £ 10,000 10,000	Total Fund 2021 £ 3,531 3,000 100 1,736 1,098 3,608 560 558 304 2,000 979 500 220 - 5,888 2,845 760 1,545 10,000 39,232	Total Fund 2020 £ 23,205 3,875 570 4,200 2,887 1,050 4,310 450 439 282 700 120 500 300 5,662 3,546 - - 52,096

4 EXCEPTIONAL COSTS OF CHARITABLE ACTIVITIES

During the period no exceptional cost incurred.

PAKISTAN ASSOCIATION - LIVERPOOL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

5 STAFF COSTS AND EMOLUMENTS

Total Staff costs were as follows:

Wages & salaries

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||| |---|---| |2021|2020| |£|£| |3,531|23,205| |3,531|23,205|

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Particulars of employees:

The number of employee during the year calculated on the basis of full-time equivalents was as follows:

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||| |---|---| |2021|2020| |2|2|

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6 TANGIBLE FIXED ASSETS

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|||||| |---|---|---|---|---| |Library|Computer| |Books|Equipment|Equipment|Total| |£|£|£|£| |Cost| |At 1 April 2020|1,148|75,453|4,374|80,975| |Additions|-|-|-|-| |At 31 MARCH 2021|1,148|75,453|4,374|80,975| |Depreciation| |-| |At 1 April 2020|48,311|3,646|51,957| |Charge for the year|-|2,714|131|2,845| |At 31 MARCH 2021|-|51,025|3,777|54,802| |Net Book Value| |At 31 MARCH 2021|1,148|24,428|597|26,173| |At 31 MARCH 2020|1,148|27,142|728|29,018|

----- End of picture text -----

PAKISTAN ASSOCIATION - LIVERPOOL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

7 Creditors: Amount falling due within one year PAYE Loan Account Accruals 8 Restricted income Fund 9 Unrestricted income fund	2021 £ 10,184 10,184 Balance as at Incoming 01-Apr-20 Resources £ £ 29,186 - Balance as at Incoming 01-Apr-20 Resources £ £ 20,531 -	2020 £ 936 936 Balance at 31-Mar-21 £ 19,186 Balance at 31-Mar-21 £ 57,512